Stoel Rives LLP's Project Finance team is a national leader in project finance, particularly with respect to renewable energy projects. Founded over a century ago and initially focused on the Northwest’s early electric utilities and railroads, our project finance practice evolved to cover an array of infrastructure projects, including utility-scale power facilities, solar, wind, storage and biofuels, composting facilities, sports stadiums, ports, airports, telecom facilities, cloud computing facilities, transit lines, roadways, bridges, mines, pipelines, oil and gas facilities, water projects, and other industrial facilities.
Recognized as a premier sponsor and developer counsel in the U.S., Stoel Rives has played a pivotal role in the development and financing of a sizable portion of the nation's solar, wind, and energy storage capacity.
Our Project Finance team is comprised of nationally recognized attorneys with specialization in devising financial structures underpinned by project cash flows and assets. This includes managing non-recourse financing, assessing project risks, and creating financial arrangements that maximize tax and economic benefits while ensuring compliance and meticulous management of contractual intricacies. This combined expertise enables us to align with our clients' long-term goals and provide effective legal solutions.
Our related services include:
- Debt Financing: Including various forms of loans such as development, bridge, letter of credit, construction, and term loans.
- Equity Financing: Including cash and tax equity, and tax credit monetization transactions.
- Bond Financing: Specializing in private placements and tax-exempt bonds.
- Mergers and Acquisitions and Joint Ventures: Managing complex project-related M&A and joint venture transactions.
- Bankruptcy, Insolvency, and Workouts: Offering strategic guidance in financial challenges.
To complement our project finance practice, our team has in-depth knowledge of the full project lifecycle, including corporate structuring, site control, EPC contracts, supply and offtake agreements, and regulatory compliance which empowers us to anticipate challenges and adeptly navigate clients through complex issues.
Client Successes
A $75 million credit facility will fund the expansion of a growing fleet of utility-scale battery storage projects across the East Coast.
The company will use to develop a 441 MW portfolio of three solar projects in Arkansas and Illinois.
Closed a debt facility for a 550 MW solar and 2,200 MWh battery energy storage project in Arizona.
This $100 million deal contributes to solar and energy storage project development.
The projects are slated for completion and start of operation for the remainder of 2024 and through 2025.
Deal comprises a senior secured construction, bridge, and term debt facility.
Copia Power is currently developing more than 17 GW of solar and energy storage projects in the U.S.
Financing comprises a combination of preferred equity, tax credit transfers, and debt.
Harquahala Sun 1 and Sun 2 will produce 450 MW of solar power annually and include a 300 MW/1200 MWh battery energy storage system.
Portfolio’s 28 solar projects will meet the energy needs of more than 12,000 commercial and residential customers.
Award recognizes novel indenture financing and construction warehouse financing deals.
100 MWdc multistate portfolio of distributed generation solar projects will comprise 35 community solar and C&I projects.
Fund to enable development of solar and storage projects totaling 6 GW in the Midwest, Southeast, and California
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When companies move quickly into new markets, speed can create opportunity—but it can also lead to expensive tax mistakes. David Brandon, a tax partner in the Boise office, explains why businesses expanding into the United States should treat tax planning as a strategic part of the deal process rather than a last-minute diligence item.
As remote work and cross-border mobility become more common, companies face new tax questions about where employees work and what they are authorized to do. David Brandon, a tax partner in the Boise office, explains that a mobile workforce is not automatically high risk—but the details of each employee’s role can significantly affect the tax outcome.
Global tax planning has changed significantly over the past two decades, as governments have moved from tolerating aggressive profit-shifting strategies to prioritizing information sharing, audits, and enforcement. David Brandon, a tax partner in the Boise office, explains how transfer pricing has become a major focus for tax authorities, including the Internal Revenue Service.
When companies plan to expand, they often start with entity and jurisdiction questions—but David Brandon, a tax partner in the Boise office, explains why those are rarely the right first questions. Instead, businesses should begin by understanding how they create value, who will be involved, what those people will do, and what assets or outputs the business will generate.